Inflation data keep RBNZ rate cuts on track

Food prices were up 5% on the year to August, with fruit and vegetable prices up 8.9%. (Image: Getty)

Tue, 16 Sep 2025

Data out on Tuesday still point to inflation hitting close to 3% in the September quarter, in line with what the central bank expected when it forecast another two rate cuts this year.“While today’s result was a little softer than expected, it still leaves us with a picture of overall consumer price inflation that is pushing higher. We’re forecasting that inflation will rise to 3.1% in the September quarter, slightly above the RBNZ’s [Reserve Bank] forecast for a rise to 3%,” said Westpac Bank senior economist Sati...

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